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Stock Market & Financial Investment News

News Breaks
December 10, 2012
09:26 EDTVZ, PRUPrudential completes pension risk transfer transaction with Verizon
The Prudential Insurance Company of America, a Prudential Financial (PRU) company, announced that the Verizon Management Pension Plan has purchased a single premium group annuity contract from Prudential Insurance to settle approximately $7.5B of pension liabilities of the Plan. Under the terms of the contract, Prudential Insurance has irrevocably assumed the obligation, beginning January 1, 2013, to make future annuity payments to approximately 41,000 members of the Verizon Management Pension Plan.
News For PRU;VZ From The Last 14 Days
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November 10, 2014
07:11 EDTVZOpen Mobile Media to hold a summit
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November 8, 2014
20:17 EDTVZAT&T could be the best bet of telecom stocks, Barron's says
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November 7, 2014
08:46 EDTVZCord cutting accelerates as pay-TV loses 179K customers in Q3, WSJ reports
The pay-TV industry lost about 179K customers in Q3, which is steeper than the decline of 83K in the same quarter of last year, reported The Wall Street Journal, citing company reports and estimates from research firm MoffettNathanson. Companies that provide television service include AT&T (T), Verizon (VZ), DISH (DISH), Charter (CHTR), DirecTV (DTV), Cablevision (CVC), Comcast (CMCSA) and Time Warner Cable (TWC). Netflix (NFLX) and Amazon (AMZN) provide television and movie streaming services that compete with broadcast and cable television network offerings. Reference Link
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